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Ghana’s Ministry of Finance has suspended the planned implementation of 15 percent Value Added Tax on domestic consumption of electricity. 

Ghana suspends 15% VAT on electricity

Prime Minister of the DRC, Jean-Michel Sama Lukonde says the country is open to all investors playing in the renewable energy value chain as it seeks to become a hub in battery manufacturing and other electric vehicle components. 

Lukonde: Major Africa mining companies willing to invest in the DRC 

Nigeria’s Securities and Exchange Commission says ongoing legislative frameworks aimed at supporting the Nigerian Exchange and deepening the market will boost investors' confidence.

Nigeria's SEC says legislative frameworks to boost investors' confidence

C&I Leasing has posted a 19.8 per cent growth in its gross earnings at ₦23.9 billion for the full year 2023. 

C&I Leasing posts ₦23.9bn in gross earnings in FY’23

Full-year earnings of the Computer Warehouse Group rose 64.2 per cent in 2023 to 23.3 billion naira despite recording a loss in net foreign exchange difference. 

Computer Warehouse Group revenue up 64.2% to ₦23.3bn in FY’23

The Governor of the Central Bank Nigeria, Olayemi Cardoso has appeared before the House of Representatives to speak on the fall of the naira and state of the economy alongside the Minister of Finance and Minister of Budget and National Planning. 

How CBN’s Fx reforms may impact banks

Novastar Ventures says climate tech and embedded finance trends present investment opportunities worth considering in Africa this year, although they believe 2024 is still going to be a tough fundraising environment in the first half of this year. 

How attractive is Africa's start-up ecosystem?

World Gold Council forecasts purchases of the commodity this year are unlikely to meet 2023 levels, where they hit an all-time high and also the second highest year in history of central banks buying gold.  

Is gold a safe hedge against inflation in Nigeria?

Moody’s says external reserves of sovereigns in the West African Economic and Monetary Union have nearly halved since 2021 highlighting Lower foreign exchange reserves and high debt service profile signal increased external vulnerabilities. 

Moody’s on WAEMU: Lower reserves raises external vulnerability risk

Rana Adib, the Executive Director of REN21 says renewables are the most sustainable energy source for tackling climate change, pollution and biodiversity loss.

REN21: Benefits of renewables outweigh potential negative impact they may generate

The BRVM stock exchange sustained negative sentiments in January as investors continued bargain-hunting. 

What will drive positive sentiments in BRVM?

Okomu Oil Palm has posted a 26.5 per cent growth in gross revenue for the full year 2023 at 74.9 billion naira driven by a boost in local and export sales.   

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